Nandish Shah of HDFC Securities recommends to Buy UBL 1700 CALL and simultaneously Sell 1800 CALL for the March expiry.
Posts in category Business Standard
Bitcoin Breaches USD 63K as CoinEx Teases Bitcoin Halving 2024 Promo Video (29-02-2024)
New Delhi [India], March 1: Mysterious Billboards Hint at Upcoming Bitcoin Halving Campaign Earlier this month, Bitcoin crossed the historic USD 63,000 price threshold for the first time since December 2021. As Bitcoin continues its rally, curious citizens in Istanbul and Manila were greeted with an unusual sight on February 26th- a large billboard advertising a Bitcoin Halving 2024 promo video with the statement “Bitcoin Halving, a story of Less is more”. The mysterious advertisement piqued public interest and speculation over who was behind it.
MFs told to disclose stress-test reports of mid, smallcap schemes (29-02-2024)
The reports, which will also be published on Amfi’s website, will have to be disclosed every 15 days
Turning cautious: Retracing market volatility in February, shows data (29-02-2024)
The Nifty Smallcap 100 and the Nifty Midcap 100 posted their first monthly loss after three months, even as the benchmark Sensex and the Nifty managed to eke out 1 per cent gain
Sebi slaps Rs 4.8 mn fine on 8 entities for flouting regulatory norms (29-02-2024)
Capital markets regulator Sebi on Thursday slapped a fine of Rs 48 lakh on eight entities, including promoters of United Polyfab Gujarat Ltd (UPGL), for manipulating the share prices of the company.
These entities have to pay the penalty jointly and severally within 45 days, as per an order.
The order came after Sebi conducted an investigation of UPGL and trading by certain entities in the scrip of the company, to ascertain whether there was any violation of the provisions of the PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) rules.
Based on the findings of the probe in the matter of trading by certain entities in the scrip of UPGL, the regulator initiated adjudication proceedings against these entities.
Thereafter, the regulator issued a common show cause notice to the noticees on July 18, 2023.
“…UPGL and Gagan Nirmalkumar Mittal in collusion with other Noticees i.e. Shiv Marketing and Trading, Vishwakarma Trading House, Anilkumar Mangalchand Mittal, Amay Spincot
Mirae Asset Mutual Fund seeks Sebi’s approval for mid, smallcap funds (29-02-2024)
While the industry has always had large and midcap funds, there is no scheme that offers exposure only to mid- and smallcap stocks
Bitcoin barrels to best month since 2020, Wall Street points up after PCE (29-02-2024)
It is set for its biggest monthly gain in more than three years and at $62,315 in Europe on Thursday is within range of its late 2021 record high just under $69,000
Bitcoin barrels to best month since 2020, Wall Street points up after PCE (29-02-2024)
It is set for its biggest monthly gain in more than three years and at $62,315 in Europe on Thursday is within range of its late 2021 record high just under $69,000
Bharat Highways InvIT’s Rs 2,500 crore IPO fully subscribed on day two (29-02-2024)
The Initial Public Offer (IPO) of Bharat Highways InvIT got fully subscribed on the second day of bidding on Thursday.
The IPO received bids for 10,57,27,500 units against 10,30,12,800 units on offer, translating into 1.03 times subscription, according to data available with the NSE.
The category for other investors received 2.24 times subscription and the quota for institutional investors got subscribed 2 per cent.
The initial public offer aggregating up to Rs 2,500 crore is in a price range of Rs 98-100 per unit.
Bharat Highways InvIT on Tuesday said it collected Rs 826 crore from anchor investors.
Proceeds from the issue will be utilised to provide loans to the project SPVs (Special Purpose Vehicles) for repayment of their outstanding loans.
Bharat Highways InvIT is an infrastructure investment trust established to acquire, manage, and invest in a portfolio of infrastructure assets in India.
Its initial portfolio consists of seven road assets, all operating on HAM (Hybrid Ann
Platinum Industries’ Rs 235 crore IPO subscribed 98.99 times on closing day (29-02-2024)
Platinum Industries’ initial public offering got subscribed 98.99 times on the closing day of subscription on Thursday.
The Rs 235 crore-initial share sale received bids for 95,35,53,843 shares against 96,32,988 units on offer, according to NSE data.
The portion for Qualified Institutional Buyers (QIBs) got 151 times subscription, while the quota for non institutional investors received 141.80 times subscription. The part for Retail Individual Investors (RIIs) got subscribed 50.92 times.
The Initial Public Offer (IPO) had a fresh issue of up to 1,37,61,225 equity shares. It had a price range of Rs 162-171 a share.
Platinum Industries mobilised over Rs 70 crore from anchor investors.
It is a multi-product company engaged in the business of manufacturing stabilisers.
Unistone Capital was the manager to the offer.